Altoona Mirror from Altoona, Pennsylvania • Page 16

THE ALTQONA Business, Markets and Financial News WITHOUT VICTORY IN WAR Ihtwh-Outch and American "Omjps Finally Reach Agree- rwit on Division of Foreign Oil Fields. FIGHT HAS BEEN RAGING SINCE WORLD WAR ENDED Jonkheer Loudon of Royal Dutch Oil Company Denies Monopoly or Discrimination Against Americans. By DREW PEARSON. THE May oil war ia over. The vast industrial struggle since tho of (he World has licen waged with intense bitterness over half tlic between tha Americana mid atJied British Dutch interests liaa been ecttlcd lij 4 without victory.

The authority for this statement ia "Jonkheer Hugo' Loudon of the Koytil Ihitch Oil company, one of the leiid- iag generals on tho Uritish-Dutch side. Loudon ia director of many of the 125 subsidiary companies which make up the groat liritish-JJiitcli combine, and during the oil war directed operations aa managing director ol the BaUvlan Petroleum company, ouo of the three big divisions into Vhirli the Dutch-Royal army wns divided, iThe Batavian was organized for production while the company had charge of shipments and tiro Asiatic Petroleum cumpariy looked after the sales and distribution. These 'three great concerns were combined the name of the Shell conipany. When It Started. "The start of the oil war was the realization by tho great nations, from tbeir experience in the world conflict, control of oil was vital to existence in the event of asotLer cataatrophe as that of 1B14-1918.

In tha struggle against Germany, America supplied SO per cent of tlio; oil which-drove the ficets, the tanks, motor cars aud the aeroplanes of the allies. That was a fatt which not much relished by European countries, and especially Great and with tho opening of the Versailles the latter country launched tremendouB oil with the object of freeing herself from independence on American oil. etruggla raged in 1'ersia, Mesopotamia, India, throughout the orient and in many of (he republics of South America. Now, according to Joekhetr Loudon, a truce has heen declared an amicahle seUlcmcnt made by an agreement dividing the spoils between the two great itiUag- onists. I went to bim to ask who he thought would win tlic Etniggle and was with the declaration that the struggle was over with neither side a victor.

"Tlii Moaul Dispute Settled. 01. war is over," he JONKHEER LOUDON. One Cause of Quarrel Removed. lingo London was one of tho leading generals 011 the Anglo-Dutch Bide in the great oil war which has raged over most of the world bclwccn tho American oil interests and tins nllicd British- Dutch oil coinjiamt-s, and wliioli lit col arcs is cndetl in a jieaco without victory.

This result removes otio of iho bitterest t-auses of intcriiiitioniil quairnl vaine ns nu after- iiiRih of tliP. World ivar. The oil kept litilf the diplomats of Kuronc nnd Amcrku on tenter hooks ami rr-poutodly caused strained relntioni between iho United States and (Jrtat Britain. government of Palestine had arrested and deported prospectors of the Standard Oil company. "The British 1 he replied, "sometimes uses methods of which Dutch do iiot approve, but am Hiirc that no i scrim in tioii is practiced today.

As far aa Australia is concerned, there is no nil in that country. We, hove had over evcrv sijuare loot rf it, and-if thero had been petroUin tound it." there they would Luve THE MARKETS. Easier Tone Marking Price Movements Amoof lodustrialfi. XBW YORK, May wer- caj.tjle reviews improvement in (lie retail trade and a slowing-down in the wholesale business mid industrial activity with the exception of building- project A. Vriw movements among tho industrial stocks in the early dealings were sfill marked by easier tone which 'Kti- iliiy's laic-dealings.

Baldwin oxperk-nml further fractional recession to 111 3-4, Can 101 7-8 and othqr speculative leaders in proportion. Puhlie utilities displayed strength under Ihe leadership ol" Consolidated which advanced fractionally to GO 3-4. Tlie'mnrkct opened higher, Marland Preferrejl 7-S up 3-S; Texas Company 40 3-1; Can 101 7-8 off 7-S; Rending 52 5-S off 3-S; 3-4 up 1-4; Wrstinghouso oil 1-8; American Sugar -J'2 off CJeutrral Klcc- tric up 3-4; Untied Stales Steel Sludcbaker 83 t-S; oral Motors 13 3-4; Xow UUXTU 18 7-S up 1-4; Baldwin Hi 3-4 off 1-2; Chesapeake and Ohio 74 4 up 1-S; Colora- do Fuel 30 7-8 up o-S; JtVii-Vutrolcuin I 4Q 1-4 off 1-8. ntw York Quotations furnished the Mtrrcr by West, members of Philadelphia and New York Stock J6U- 1 changcs, loeul mcrco building. 60 4-5 a SLIGHT DECLINE Operations Are, Curtailed In Some Lines, But on the Whole Conditions Are Considered Favorable.

DEMOCRATIC CANDIDATES FOR PRESIDENCY IS PROBLEM NOW Marine PfU BAXLS: Atchison 100 7 and O. 53 X. Y. C. lUl C.

and O. Krie G. 56 J-clt. Valley 4utB New Haven istj X. Paufttu Cfio.

X. W. 6 Hi Pero Alar, P. W. 4iU lioading Hock Islnna St.

L. d. F. JO i. Pacific ItnllwAy 53 St.

14 St. Pfd UJL PaciDu 130Ti bash, Com. 15 Who. 1.. K.

BH West. AIO. SH INDCTSTBIALS: iVllfotl C. 71 Amer. Intl.

Amer. Loco. Amor. T. 126 Holdwiti Ceiitl.

Lea. 12 Cub. Cane Cm 113 Cub. Cane I'fd oT 1 ContL Can 474 a Amer. SUB I- Uav.

Clicin. 4fl I-'isU Tire Fnm. i'layora 70 idrlch 21'" Ind. Alcohol 67 Coca Cola. Kelly Spcrfld 1G Open.

Kiffh, low. Close. 74 4 (Continued From Page 1). of the contest is causing emuarrasv iuent tptlay. Democrats who favor Smith they think the only real opposition is coming from thosa who oljjoct to tlic fact (hat Al Smith is Catholic.

They do not regard tlie argument that her'is a "wet" an heing tlin sole reason for opposition. Influenced as they are by an admiration for the Xciv York governor and hia vote-getting strength in the east, they i will not accept arguments about pion or prohibition with much grace. Whatever the outcome, there ia bound to be a certain amount disaffection, all of which is not displeasing to the KoriK Punta A) leg re Pullman 11. J. Key.

B. U. S. Ilubbcr Stewart War. West.

JB. Woo). (Amer) Wool worth OIX.S: Asphalt Cosdeti Cal. Pete. Marland MEd.

Slates Pan. Amer. A Pan Amer. Sinclair Until recently the possibllit yof nominating Al Smith was dismissed as ah- eurd. "In the last few days tlic readiness of prominent Frotostauta nnfl anti-Tammany niun like Franklin D.

ram Roosevelt lo lake up the ciulgeU for "Moaul, -which w-s one ol the holiest- the Xew Vork litis made pol- bones of contention between the Hieians realize they will have on their British and Americans, i- no longer! ls ai Democratic convention iu dispute. An ha.s two bl and prohru- oilier year, on i iild lie frankly tin Jn readied which per cent inlci'-st. in theee fields baa leen given to tbe religious won! Americana, who are represented I im-1 regarded by men of al faith ad unfnr- derstand, by a romliualion ol the i tnnate. the persons who linvc Oil, N. J.

Co. Transcon. Pacific STEELS: I Jlcthlchcrn Crucible; Pcnu Seaftti U. R. Stcei Colo.

Fuel COPPESS: Anaconda Cerro dt; Paw. Chile Chino JiiHpiration Kennccott fltay 1 MOTORS: Standard, Sinclair and it? subject of tTiticinra hy such organ- Muck 49 per cent of the remaining stock as tlie Kit Mnx Klan arc neli- to the British, with 2U per i-ent! hl lnr a opportuuty to strike lajrk to be divided between tlic Dutch atl opponents ami they would lika French. nothing better than an open light. Ovci "An agreement lias also been reached in Persia and Mesopotamia wliich the northern fields go to the American white the Anglo- Persian company controls Mesopotamia utid southerti Persia. Certain regional 1111- have also been rear-lied, such aa for instance in China, of the anti-Smith men who nre nynipatlietic with the effort of Demo- i rrats to put through a platform plank tho Ku Klnx Klan think'tlia I mo.st ('fTpctive way to figliL that or- pauization is not with a Catholic but with ft Protestant.

The fight that Sen- Rfor Underwood of Alabama ia making tlio Royal Dutch-Shell sclh uth and the the nortb." "How aiio tbe Klun is pointwl to as more and effective strategy nnd more likely to win wtde Blip- port than a between men of thn jmrdfiilar creocU denounced uoriH id ol course inoro, or ni the open field and is aleo thu most, im- iiurnjiirii ion of Ai Smith may Kales, 420,000 shares. NBW YORK, JEay 3. IJberiy bonds on the Nev kct loday were as i''irst 1CI0.08. Socond Hi's, Third 100.18. Fourth Mi's, 100,12.

portant nf tliem all. lief ore liC Vi ill ifte. no roriip to pass for various reasons Hew Tork Pro Sec YORK, May quiet Pork ftertJy; mess, IjHird firmer; middle snut, 4JI.JC Miibiu-, raw dull; FIULADKU'HIA, Ifay ncU has fallen olf slightly during the past fow ivcuks, is -evidoncetl hy reduced production schedules Tn by decrftases in tho loadings of J'mght cars and by declines in u-holesale" commodity pricea, ys llit'hard Austin, chHirtuaa of tha and federal reserve, agent. in a summary of business ami Hnnncinl ccntUtiona in tha Third federal reserve Moreover, in sis of I lie. eight wholesale repotting to this bank Bales were smaller in than in iiarcb, 1923, but for this the la to Faster waa responsible.

It must be remembered lh.it a business M-RS enter: upon a period of, great activity, so that tn spite of a smaller volume at present, the total is Btill largy. JSm- lOOTi lOO'i ployincnt at industriAl CBtablislinionlt 101 1 Xew Jersey, -and I Delaware increased slightly in March, tl 't overage wookly ctvrninga dcclincil, probafily aa a result ol" shorter work. -10 ijl hours. I The- value of building permits issued 1 1 fit Attica of tho Third federal 4S 'i4 district during jMareh totaled 1 which, though cousiderahly above the i'cbnuirv total, vreJl bc- low the record figure of $31,844,8:11" in March, 1023. The call for building materials is fair, and ai was to be expected, shoM-s improvement since last month.

Manufacturers, in most tines, report that demand is rather quiet and that the majority 'of order call for prompt delivery. Iron steel lias been in light lies nnd the tendency to purchase, only for im- mcilmto requirements has continued. 126" Unfilled orders of tlie United States li 3 Ktcel corporation declined in March for the first time since last Xovcm- hcr. Production of, both pig iron and steol during iifirch was at a high rate," but during tho past few weeks operations 1mvu been curtailed. The situation in the.

textile, industries fails id practically all tcxtilo sluggish demand and As a result, operatloni reduced at eevoral mills producing cotton and woolen and worsted goods, bther inanufaclurera, especially in the paper cigar, flour, and'leather industries, report only a 'ii moderate demand for goods and lew a activity tlmn last year. Sales of automobiles in this district, however, continue to be-good, and most dealera report increases over tlio first quarter of 1023, Tho agricultural iltuation is on the whole favorable, although, lack of snow protection during the winter affected the wheat and rye cropa. Fruit are in excellent condition, and farmers have purchased more fertilisers than, they did a year ago, which augurs well for the coming The supply" of farm labor, though larger than it'vas a year ago, is still inadequate. According to 11 ie latest reports, retail trade in April will run ahead of that of last year, chiefly because of the late Easter. The same factor is probably responsible for a decline In retail ealcs in March.

Wholesale trada in April waa somewhat better than in March, during which month sales ran behind tliose of March, 1023, in all but two of the lines rt-portirlg to thia bank. As WHS to be nirpected, sales March were larger tlmii in February, i Wholesale commodity prices declined during March, the index of the bureau of labor statistics fulling from 152 to luO. The decrease waa mostly ilue to-lower prices for farm products and for cloths aud clothing. Prices of Rome important commodities, eueh as pig iron, si Ik, and copper, have declined further since April 1. Reporting member banks in this district have continued to extend accommodation in substantial volume for commercial purposes, and credit conditions are easy.

Money ratca are lower ihan they were a month ago, the bulk of sales of commercial paper being at 4 2 and ccntj with only a small amount offered at 5 per eeiit. to improve, Hues report a weak price have bean 66' r.s 317 S5U 31 a lie New Prices of York inar- company, the lloyul Dutch, has' fetcd that MC will no! intru'k mi jiny which was operated lea-a-d by (notUcr firm licfore. the ceAoUitioH." Not a Monopoiyr asked Jonkliccr London if the agree-in en between the Amori- can and interoMs mount tbnl Ihcso two mighty er.injiet.il now control between them thu worhl'i supply of oil. nt all," lib replied ilrrmvrly, "inch a control would he People of the various countries con- gerned would not have pmniUeil it BenideB ivhieh, outride 11m Ainori- ami Anglo-Dutch grnujn tlirro arc a vast number of OHM- aMn panics any of ilic i "jit-i nk oil is an imjiassihithv." I Tim T.midtm firmed vigorously tint nny discrimination wan Hj, ainsL ii. Hnii-li territory Riid purtirulnrly llic ropntt that Ainnriciiii companies hnd hccn rx- clmlrd from in (In; Dntrh Kwt fndii-H, pointrd out tliaL Auu'i-i- mnk hold In- bLockn of htoi-k in nnirh oil cornpaiiii-s.

I him almnl (he report Hint American 1mil barred AuatrallA ajri that the British STERN MEASURES TAKEN BY CUBAN jioullvy quiet; I ad tic; foivJ.s, ktry 2 0 fa Oc; roos Ler? capons, i- Clitcsc lilulo milk, comrnon Jdap tur- itc; BUILDING PERMITS ISSUED. These permits were issued today by Building Inspector M. W. George Schottorf, kitchen for T. llcck, 2016 Third avenue, W.

F. roof for George Leopold, Kirsl avenue, SIM; F. Suyder, roof for John Wcindler, 1510 First avenue. W. K.

Snyder, garage for U. .1. 807 Twenty-seventh and H. Jf, Otto, porch at' '2-JH Ninth avenue, $75. CONGRESS TODAY.

Diacuaui tax bill. lonaigratioii eoatertei to conclude MujcU ShoaU hourhit tr.ntinuw. Foreign ooBouttee considers calendar bills. Koutioe biiaiueta. RAILWAY MILEAGE SHOWING DECLINE In Last Eight Years, 3,500 Miles of Track Have Been Abandoned and Communities Suffer as a Result, 3,000 mil ars, 2nd hich Tbe losses suffered hy the iinnities it serve a vhen railway is ulwuioned and torn up are indicated by material pubjiahed, in the Kaihvay Age this week, wtuch, showa that tbe total mileage railways in the country 1ms declined abfmj within the laat eight loals particularly with the effects that frill be produced by the contemplated abandonment of Chicago, Peoria $: St.

railway of 245 milea in "It Is geueraily known that a large mileage of railways haa been torn up in the United States within recent rears," says the Railway Age, 'bul ia not generally known that reductions in railway miteago have occurred in all parts' of the country. Sta- ics of the interstate commerce commission show that tlio total miles of railway Hue in existence declined 3,070 miles between Juyo 1010 and 31, 1931, and in form at ion Tfttliered by this paper indicates that here has been since then a net decline of about 450 miles. "Detailed statistics by states for the ast two years are. not available, but JIB statistics of tha commission ehow hat between 1JHEJ and 1921 there vere increases in only sixteen states, and reductions in thirty-one states. L'he reductions of mileage in the states which they exceeded 100 miles nre follows: Louisiana, 483 miles; Colorado, 4'23; Michigan.

275; Indiana, 270; Georgia, Arkansas, 235; Washington, 20lj- Missouri, 10.1; Wisconsin, Pennsylvania, 1ST; iliss- Nevada, 157; Ohio, 150; North HO; 145; ilinncsota; 143; California, 134; Virginia, 131; Jsew York, 109; Iowa, 103. "In most parts of the country where railway lines have been torn up most the. cominunities along them have jeen 3eft without any regular and dependable transportation service, and have suffered losses as large proportion aa those that will lie suffered by those, living along the Chicago. and St. It ia shown that this line now IUMS through thirty-five cities and 'illages, and that "when it la torn up, twenty of them will be left entirely nthout raijway service.

'Tn nearly every instance," saya the Railway Age, "the roads leading from these towns to oilier railways are im- Burfaced dirt. These are passable only nrhe months in the year, the mud being so deep during the remain- three months that heavy truck cannot be operated. The Chicago, and St. Louis is the exclusive carrier for forty-nine grain elevators, six coal mines and twenty-one other ndustriea. In the last year for which traffic figures nre available, its local ton a go of bituminous coal waa 14.Q,- 000 ions, while the tonrmge interchanged with connecting carriers waa 200,031 tons.

"Its total grain traffic, local and nterline, waa 207,000 tons, live- Block 24,438 tons and there was a relatively large tonnage of lumber, petroleum, gravel, hay, cement, brick ami fiour. After tbe abandonment of tha road only a small portion of this tonnage, could economically be given transport tation. The result would be the clos- down of the industries affected. 'Citizens of four towns, Palmyra, Modcato, Hettick and Chesterfield estimate that their losses from depreciation of property" will be It is by the. Mate-it county farm bureau that the depreciation of farm land in Mason county will be per acre on 120,000 acres, or a total of $3,000,000.

A com- RUDISILL'S INSURANCE AGENCY Let ua pay your losaea, Wt reliable com pan I and standard ratal. i FIRE, AUTOMOBILE, CASUALTY JF.AVAN'A. May Ifink -sLrrn prevcnl in ronnc'ctiun with tha mili- tnry onUirnnk in tlin Sanlri uml f'ienfncgofi, All i-ilitinnn of the ni-wspauerA i llenildo do Cuba Kl Ifcr.ililo were i cntiliscittod by j.nli.-n on llm iliiinoif of President XBVJIH. I lluttcr firm; creamery, CTtrti, ppcoial market, 3 c.fyMr,' 1 slate dairy Danish, Artctiiillnc, firm; nearby wliltc fancy, 31c-gi 3Cc; lumrliy stall white, wftatorn will to, fresh UTHIS, as nricd tin; I'll i tO of as Hnirnrd I he nitim- ell in mid jumper imtf 1Iie cufiilnl fnilicati'fl WITO rusluriiif? onk-r in U.uil tri the TODAY'S BANK' CLEARANCES. 'I lie kink rlpunuK'CFi for lltn ilav YOIIK, Way oporm'l etcndy Htorl 7 nines .0616.

off IJro iip.OOOOlt; Ifi-lBlar, fra Product. I.lvo MA, 2 It: tit IjrcHHetl poultry Trend, 1 i ki tl or I'r1 If, 11': fy 1', 2'icjf U3c; MTTflBUROIf, May light; markK: mcmdy. SEAMAN IS ILL, of Paul Stanley, firat Hcu-muu, will be sorry tu Iwirn that he was injured on hoard the U. W. 8.

Arkaiisan, and is now confined in the U. S. naval hospital, P'hithiisir avenue, Brooklyn, N. where he underwent an operation May 2. AU Kind, of INSURANCE W.

NICHOLSON fair, veal calves. Sheap and Iambs, receipt Htht; market J'rJmo wethnrn, t7.2D<g-JB.OQ; fftir uilxcij, J6.r>0; Inmh.s. Hogs, receipts 22 double mar- ket.steady. heavy, JS.GO; uiedium, liwivy or kern, MORTGAGE LOANS made for 3 or 5 yean On Payment Plan; Co ni nlt n'j it buying or bnlldm(. L.

E. LEOPOLD, Agtat PEHnSVLVANIA TBTJ3T COMPAHT, KM BnlUJif. Open tvtnlntt by Ainnf tbo tiiwn of Graftou loniM tlw EquiUbla Vowdur company and tliu Illinois MannfHtliu-ii XHI. the 1 two wh0w unl. it fti'ty L-ek, will (eft entirely without eans of vaifvav IrtiuaporUlion.

liese are but a few of the led of the Joaaes that will be caused. "Ona-exjilanHtion tlutt has been of- for tho decline, which has oo- nrrod Vithin the last years in aihvuy mileage," the Kailway Lge, "ha.6 the developiqent of other rHnsjtorUtioti, and rucks on hard surt'aeeJ highwaya. he Btatislica for varioiu ttatea given that ilm dec tine of rait- i'iiy has been relatively irge, and even larger, ia Mates whefe here have not teen extensive tvMction of highwava mid nt'c- of motor nt Ion as iu etates jeen. "In view of the fact that the reduction of railway mileage has occurred throughout tho country, there a but ono general cunae'by which it 1)0 explained. This is that" Hie operation of railwaya in all parts of he country baa been rnade relatsvelv inproflUble, which, in turn, has been Jue lo a Te.strictive policy of government regulation.

''If the spirit, now being manifested cgarding railway regulation' by a 'arge part of tlio mcmlKirs of congress s. given pft'ect iii leKialation, the IOSSCL.I uffered by tho public in future will HJ Jiimiv titnt-3 greater than those that hey hiivo been occasioned in tho Hid are sunTering brick by' iU low at A wko, pUat valued at that, i will SuK-ltiof which, OWM a ka4 Muetter at that it will shut dowc fomu ta ewployeft out of work. Urui bureau jf Jerwy Mti- the deprtvUtJon of farm tepdj that Camay which, will a direct to the I'ariueri, at over ID Stock iuj Immediate Delivery l-Bum, CluaMb, But uJ StMl Steel BawmeBt and Steel Wall Pipe, Pipe Fittiaga and Valvei WE ARE ALSO EQUIPPED TO FABRICATE STEEL TO SPECIFICATIONS ALTOONA PIPE SUPPLY CO. Aho.a«, BeH Phone 3246 TEACHERS ARE ELECTED FOR NEXT SCHOOL YEAR At a rece-nt meeting of the Duncansville school for tha term, were nnmeil ami tho ate for tho year fixed. With trorimately 40 fcircr Allegheny township pupils expected in the, D'uncans-- Yilta.scliodla the coining Icrni, fill rough township directors voting reopen the Tannery school near the whon the hoard skcd a small increase in tbo tuition rates, the number' of teachers elected or the coming term was reduced from seven to six.

Professor W. Burns waa named principal and eighth grade instructor. Other teachera elected Miss Mary Kephnrt, Miss Miss llc-atriee- Kelly, Misa MaWeRenner ami Ralph Martin. Miss Rcniier is the only new teacher elected. She taught Cross Keys.

Mlsa Helen ace and J. J. Shaffor'are the.retiring leachera. At the same meeting the icnool tiz for the coming year was fiied. The taxpayers of the borough will be called upon to again pay the rate that laa prevailed during the past several years, and the tax was on both men and women voters in the mount of $5 each.

The tax millage total? 23 mills in the including the sinking fund of tlireo milla. TUT collections in the are slow, especially on the of the women who resent greatly paying of the special $5 A large majority of the vrornen of have not been, paying this tax, while many other taxpayers are considerably arrears in their uientB, according to the tax collector's fitatemcnta the board. -It is mated that collections are to be enforced. FOOD CONSERVATION. A Pan-Pacific food conservation conference is to be held jn Honolulu Aug.

1-14, "Leading entomologists from all countries bordering on the Pacific ivill meut to consider problems of mutual interest, especially ILo introduction and distribution of insect BUSINESS DIRECTORY RJWUCB ITS 4 WISE HJftNACE MATERUW YOUR NEXT ROOF 16 Yean' Practical Eipericace GUARANTEED Richardson Vulcauite I-M Asbestos and Sbioglea Bmlt-Up Viakalt Rooaog. and applied by Alto Roofof and lunlatioi Co. 9609 Induatrul Ave. Phone S17O Guaranteed Roofs Ho auttx what you roof lini, km UNION ROOFING CO. COAL That Good AMOS COAL Special price A 1" during May and ton lota.

June THE R. M. COAL CO. 1911 Margaret An. Bell.

Phone 52H or 910 LEATHER GOODS G. CASANAVE, EST. 1213 Hth St. Opponto P. 0.

BWf. TJmbreUaa, Leather TrareUnf Sooia, Leather Glovei, Dot Goodi Remeilei. Leather Qoodi Repaired. Horn Furnitkihfa, Estimate! cheerfully furnished. BUYING TO SELLING.

Oregon baa been converted from buyer to aeller of tgga. A few years ago tin imported poultry and eggs by tbe carload. A year ago, it it estimated, shipped 100 cara of alone to outside Some people are bent with toili others become crooked trying to avoi-l QUICKLY Up to $300 Op Furniture, Piano, Talking Machines. Etc. Without dlstUTblna the also tft estate owners.

Repay- hi convenient tnonth'y Inslallmeuts of principal with lawful interest only for actual time used. Business and professional men have purposely financed thfs Company to enable folks In moderate circumstances to borrow on a cafe, eetf-respecttnB huslncsi baua. Consideration and Privacy'Prevail Throughout the Entire Trantaction Our manager will explain without obligation this Community, plaa. New accounts Invlteo. Call, wrIXe or FKOn COMMUNITY FINANCE SERVICE, INC liJl lltb 2nA Floor Front (Orer Store) Altoona Eupervlalon of Bankinc Department of Ixiaci nada within twenty miles Keep tbJa ad for reference aiiiiiiiianiiiiniiiinniiiniiiiiDl a Beneficial loans I "Strict Privacy" Means You can borrow up to $300 on your home remains in your possession), without embarrassing inquiry or interference with your family and busineti affairs.

When we guarantee strict privacy, we mean that no one need ever know you borrowed. Your relations with us are confidential from the moment you make application until your loan is repaid, finance the man without pank credit. Honey for edny ffccd Beneficial Loan Society Ijrv Open 9 to 5.30 ftimioiiimtiiiiDiiiiiiiiimnimimim 9 to 1 iiiiiaiiiniiiiiiiaimiiiimiDiimiiimoiumin; mo moot urow Weekly or monthly Thi.t eornpa made under etui or more. Houfr people foantf our PENN ift and to ttM All OT Twar CO. Why Not Own Your Own, Home We are building 18 new homes at 'Eighteenth Street Extension.

These homes are Bungalow, Semi-Bungalow and two story. Brick and framed construction, built on lots 50x110, complete with all conveniences. Lots graded and sidewalk laid. A' few of these homes are ready to move into now. Price; ranging from $5,000 to $6,500..

Pick your hone now A unall deposit down, pay the balance rent Inquire on the or A. J. RATH Room 420 Comm fj.